Yushchenko is convinced perniciousness IMF does not support reform in Ukraine

Ukrainian President Viktor Yushchenko isconvinced that in the absence of reforms, the International Monetary Fund (IMF) will bring more harm than good.

That this is the statement of the main service information policies of the Presidential Secretariat, posted on the official site of the Head of State on Thursday.

Head of State is confident that in the absence of reforms, the IMF loans will bring more harm than good, - says in a statement.

in the Information Policy was reminded that the July 28, the IMF has decided to allocate the Ukrainian third tranche stand-by loan of $ 3.3 billion IMF program includes a number of economic reforms to strengthen the ability of Ukraine to confront the crisis.

Already it is clear that these funds will be used not to support the economy until the effects of actions taken, and for the continuation of the status quo and avoid any form of unpopular decisions, - says the document.

This is evidenced by the implementation of the previous measures provided a memorandum (IMF), - underlined in the secretariat, adding that the Government has not fulfilled commitments to raise tariffs for natural gas for certain categories of consumers, not imposed a timetable for quarterly adjustment of prices for gas to reduce the deficit NAK Naftogaz of Ukraine.

The statement also noted that the National Energy Regulatory Commission (NERC) has managed to refute the fact of the decision to raise gas prices, which gave the IMF as a confirmation of the implementation of this measure.

Approved July 22, the financial plan of the joint stock company (NAK) Naftogaz Ukraine does not indicate readiness for the introduction of structural measures aimed at improving the financial situation, greater transparency and efficiency of corporate management company. His analysis leads to the conclusion that planned to supplement the charter capital of 18.6 billion UAH will be largely proedeny already this year and early in the next year will require additional injections from the state budget , - says the paper.

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Presidential Secretariat also drew attention to the fact that adjustment of tariffs for households consuming more than 600 kW of electricity, not planned.

The statement emphasized that the Prime Minister of Ukraine Yulia Tymoshenko has repeatedly stated that the budget for next year will form the basis of the principles vetirovannogo Budget Code, for which no financial resources, and that will lead to imbalance of the budget. At the same time, added to the document, the denial of change of the budget also provides for an agreement with the IMF.

However, the secretariat identified only performed measure the adoption of a law on the characteristics of the financial recovery of banks.

However, the team president predicted that the next subsequent revision of the program with the IMF it will be extremely difficult, given the Government's desire to reform economic policies before the presidential election. This means that in September, when taking into account the dynamics of income in the budgets of all levels will be extremely Ukraine need support, she may lose her chance at, - explained in a statement.

The second negative consequence of the Secretariat believes that every day, delaying the necessary measures worsen the consequences in the future, as is happening all of the depletion of resources to support the unsustainable, populist model of public finance.

The paper also gives examples of world history, when several Latin American countries in 90 years brought unreasonably large amounts of external borrowings to finance inefficient economic policies. President of Ukraine to the fact that Ukraine has expanded the list of countries.

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